OCAB

Constant advances in new technologies have provided opportunities for significant change and disruption to financial services and other related activities globally. Developments in distributed ledger technologies (“DLT”) have led to the emergence of digital assets, such as virtual coins or tokens for capital raising, and crypto assets/currencies for the facilitation of economic transactions.

ADGM’s OCAB Framework

Abu Dhabi Global Market (ADGM) launched the region’s first comprehensive crypto asset regulatory framework on 25 June 2018 and continues to engage actively with local and international market participants on various fronts to stay abreast of developments in the crypto asset space. The Financial Services Regulatory Authority (FSRA) of ADGM has recently enhanced its “Guidance for the Regulation of Crypto Asset Activities” via its second edition.

OCAB activities cover:

Operating a Crypto Asset Exchange and operating as a Crypto Asset Custodian

Buying and selling or exercising any rights in Accepted Crypto Assets (as principal or agent);

Managing Accepted Crypto Assets belonging to another person; Making arrangements with a view to another buying or selling or providing custody of Accepted Crypto Assets I.e. Brokerage

Advising on the merits

How can we help?

Re/think has vast expertise and practical experience assisting home-grown and global cryptocurrency businesses participants to set-up in ADGM. Re/think is currently retained as compliance advisors to two major crypto asset platforms.

Members of our team can capitalize on their Fintech certifications and lessons learned from a number of successful Fintech & OCAB set-ups in ADGM to offer end-to-end support throughout the authorisation process.